Trump picks Kevin Hassett to lead economic advisers: What to know

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Title : Trump picks Kevin Hassett to lead economic advisers: What to know
Link : Trump picks Kevin Hassett to lead economic advisers: What to know

President-elect Trump on Tuesday selected Kevin Hassett to serve as the director of the National Economic Council (NEC), with Hassett set to return after he served as a key economic adviser during Trump's first term in the White House.

Trump said in a statement that Hassett will "play an important role in helping American families recover from the Inflation that was unleashed by the Biden Administration," and that, "Together, we will renew and improve our record Tax Cuts, and ensure that we have Fair Trade with Countries that have taken advantage of the United States in the past."

The president-elect added that Hassett "will also play a key role in strengthening our Economic relationships with Allies, new and old, while also securing Prosperity for the American People." Hassett, 62, currently works as a managing director at the Milken Institute and is the Brent R. Nicklas Distinguished Fellow in Economics at the Hoover Institution at Stanford University. He holds a doctorate in economics from the University of Pennsylvania. As NEC director, Hassett will play a central role in developing the incoming Trump administration's economic policies in collaboration with other agencies and advisers.

During Trump's first term, Hassett served as the chairman of the Council of Economic Advisers (CEA) from 2017 to 2019. The CEA provides economic research to the White House, essentially serving as an in-house economic analysis consultancy. (Read More)